FFLDX vs. FSMDX
Compare and contrast key facts about Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Mid Cap Index Fund (FSMDX).
FFLDX is managed by Fidelity. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLDX or FSMDX.
Key characteristics
| FFLDX | FSMDX | |
|---|---|---|
| YTD Return | 16.30% | 20.68% |
| 1Y Return | 27.43% | 37.85% |
| 3Y Return (Ann) | 4.67% | 3.81% |
| 5Y Return (Ann) | 10.18% | 10.65% |
| Sharpe Ratio | 2.58 | 2.78 |
| Sortino Ratio | 3.63 | 3.85 |
| Omega Ratio | 1.48 | 1.48 |
| Calmar Ratio | 2.67 | 1.95 |
| Martin Ratio | 16.99 | 16.35 |
| Ulcer Index | 1.61% | 2.30% |
| Daily Std Dev | 10.63% | 13.55% |
| Max Drawdown | -30.72% | -40.35% |
| Current Drawdown | -0.98% | -0.74% |
Correlation
The correlation between FFLDX and FSMDX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FFLDX vs. FSMDX - Performance Comparison
In the year-to-date period, FFLDX achieves a 16.30% return, which is significantly lower than FSMDX's 20.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFLDX vs. FSMDX - Expense Ratio Comparison
FFLDX has a 0.08% expense ratio, which is higher than FSMDX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FFLDX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Mid Cap Index Fund (FSMDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FFLDX vs. FSMDX - Dividend Comparison
FFLDX's dividend yield for the trailing twelve months is around 1.72%, more than FSMDX's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLDX Fidelity Freedom Index 2055 Fund | 1.72% | 1.96% | 1.98% | 1.61% | 1.39% | 1.71% | 2.20% | 1.73% | 2.26% | 2.30% | 0.00% | 0.00% |
FSMDX Fidelity Mid Cap Index Fund | 0.94% | 1.39% | 1.59% | 1.10% | 1.37% | 1.42% | 1.85% | 1.32% | 1.35% | 2.29% | 3.82% | 2.74% |
Drawdowns
FFLDX vs. FSMDX - Drawdown Comparison
The maximum FFLDX drawdown since its inception was -30.72%, smaller than the maximum FSMDX drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FFLDX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
FFLDX vs. FSMDX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2055 Fund (FFLDX) is 3.01%, while Fidelity Mid Cap Index Fund (FSMDX) has a volatility of 4.10%. This indicates that FFLDX experiences smaller price fluctuations and is considered to be less risky than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.